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CBS Hit With $1.3M Verdict In Personal Audio Patent Suit

A Texas federal jury on Monday ordered CBS Corp. to pay $1.3 million in damages after finding that it infringed a patent on disseminating media content that patent licensing firm Personal Audio LLC has asserted against numerous media companies and podcasters.

  • Alibaba Lifts IPO Share Price On Investors' Hunger

    Alibaba Group Holding Ltd., the Chinese Internet giant that was already poised for the world’s largest initial public offering, lifted the deal's price range, according to a Monday regulatory filing, confirming earlier reports that strong investor demand could boost the offering.

  • DuPont To Pay EPA $1.85M To Settle Herbicide Report Claims

    E.I. du Pont de Nemours and Co. on Monday agreed to pay $1.85 million to settle allegations that it withheld 18 damning reports from the U.S. Environmental Protection Agency that might have spurred the regulator to ban the herbicide Imprelis more quickly.

  • Syncora No Longer Needs Banks' Help On Detroit Deal

    Syncora Holdings Ltd. finalized a settlement on Monday of its objections to the city of Detroit's Chapter 9 restructuring that no longer requires concessions from two global investment banks, according to Syncora's attorney.

  • Ann Taylor Rebuffs Latest Activist Push For $3B Sale

    Women’s clothing company Ann Inc. on Monday again pushed back against activist hedge funds Engine Capital LP and Red Alder LLC, arguing that their push for Ann to sell itself for as much as $2.97 billion depends heavily on assumptions rather than new groundbreaking analysis.

  • Bankrate Discloses SEC Probe As CFO Steps Down

    Personal finance information service Bankrate Inc. revealed Monday that the U.S. Securities and Exchange Commission is investigating its 2012 financial statements and that its chief financial officer is stepping down and warned investors not to rely on its statements covering the 2011 to 2013 fiscal years.